Solutions · Diversity and ESG
Diversity and ESG Suppliers
The scope of responsibility for procurement and supply chain teams has grown and evolved over the years. While there remains a strong focus on getting the right products and services at a good price, corporate and governmental mandates are driving changes in the way suppliers are engaged. In particular, organizations are increasingly likely to consider factors like diversity status and ESG.
Why it matters
Benefits of DEI and ESG programs.
Larger supplier base
Supplier diversity helps organizations access a larger, more diverse supplier base, allowing them to meet their needs more effectively and efficiently.
Community engagement
By sourcing from diverse suppliers, organizations can show their commitment to the community and demonstrate their support for diversity.
Access new technologies
In leveraging diverse suppliers, organizations can gain access to innovative solutions that can help them stay ahead of the competition.
How Vendorful helps
Vendorful helps organizations hit diversity and ESG targets.
Organize
SRM with classification of suppliers for both diversity and ESG criteria.
Solicit
Easily invite underrepresented suppliers to sourcing events like RFPs.
Expand
Identify and plan sourcing and saving opportunities that include underrepresented suppliers.
Measure
Reporting on diversity and ESG participation in sourcing events.
Want to learn more?
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